Robinhood Posts Record Results on Robust Cryptocurrency Trading
HOODRobinhood(HOOD) Investopedia·2024-05-09 22:45

Key Takeaways Robinhood posted record profit and sales on booming demand for cryptocurrency trading. The online brokerage also benefited from the soaring price of gold. Net deposits were at an all-time high as well. Shares of Robinhood Markets (HOOD) rose in intraday trading Thursday as the online brokerage posted record profits and sales on soaring cryptocurrency trading. Robinhood reported first-quarter earnings per share (EPS) of $0.18, three times analysts’ estimates compiled by Visible Alpha. Revenue j ...